Bill Gross: Pimco 10 Times The Fund It Was With Ole Whatshisface

Pimco’s Bill Gross, manager of the world’s largest bond fund, reassured investors and clients on Wednesday that the departure of his heir apparent, Mohamed El-Erian, will not affect the performance of the firm. “Believe me when I say, we are a better team at this moment than we were before,” Gross, co-founder and co-chief investment officer at Pimco, said in his monthly letter. “I/we take the future challenge faced by all asset managers with close to a sacred trust.” He advised readers to “stick with PIMCO.” [Reuters]

1196658 Responseshttp%3A%2F%2Fdealbreaker.com%2F2014%2F02%2Fbill-gross-pimco-10-times-the-fund-it-was-with-ole-whatshisface%2FBill+Gross%3A+Pimco+10+Times+The+Fund+It+Was+With+Ole+Whatshisface2014-02-05+20%3A11%3A56Bess+Levinhttp%3A%2F%2Fdealbreaker.com%2F%3Fp%3D119665 to “Bill Gross: Pimco 10 Times The Fund It Was With Ole Whatshisface”

It's not the untied tie, the absence of sex toys on peoples desks or even the piles of broken dreams scattered about. It's that damn drop ceiling. The only people who should work in buildings with drop ceilings should be in retail.

The more frequently you monitor your portfolio, the more likely you are to observe a loss. This is likely to cause short-sighted decisions and could hurt your investment performance. If you are checking your portfolio more than once per quarter, you’re doing it too much.